Business , Exploration & Production , Acquisitions & Divestitures , Trends , Mergers

Shadow Market: E&P A&D Six-Month Review

As asset-level A&D struggles in the background of multibillion E&P mergers and market indifference to oil and gas, deal advisers see a spike in transactions for minerals, conventional assets and even combinations of private-equity companies.

September 18, 2019

Public Capital , Mergers , Midstream

Energy Transfer Signals Course Change With SemGroup Acquisition

Energy Transfer agreed on Sept. 16 to acquire Tulsa, Okla.-based SemGroup in a cash and stock transaction valued at roughly $5.1 billion.

September 16, 2019

Public Capital , Exploration & Production , Shale Plays , Mergers

Montage Resources Executive Q&A: Appalachian Blend

In a basin full of bigs, the combination of Eclipse Resources and Blue Ridge Mountain Resources to form Montage Resources creates a compelling gas and liquids growth story despite commodity headwinds. The question: Will Wall Street notice?

September 12, 2019

Unconventional , Trends , Mergers

Halliburton CEO Sees Consolidation In Oilfield Services As Shale Matures

The largest U.S. supplier of fracking services to oil and gas producers expects its third-quarter results will be at the low end of its earlier forecasts as activity slows.

September 4, 2019

Business , People , Acquisitions & Divestitures , Mergers

On The Move

Check out the latest new hires, appointments and promotions as well as new company office and facility openings.

September 3, 2019

Public Capital , Exploration & Production , Shale Plays , Mergers

PDC, SRC Energy To Combine In $1.7 Billion All-Stock Merger

PDC is set to become the second-largest producer in the D-J Basin through its acquisition of SRC Energy and will also remain committed to its Permian position.

August 26, 2019

Public Capital , Exploration & Production , Shale Plays , Mergers

Occidental CFO Talks Anadarko Saga, Rebuffs Sheffield Criticism

Anadarko Petroleum was the only corporate deal Occidental Petroleum considered since the company’s current leadership has been in place, says CFO Cedric Burgher.

August 13, 2019

Public Capital , Exploration & Production , Shale Plays , Mergers

Occidental Completes Anadarko Petroleum Acquisition

Rivals, Occidental and Anadarko Petroleum, had agreed to the transaction, valued at $55 billion (including debt), in May following a bidding war with Chevron.

August 8, 2019

Public Capital , Investment , Exploration & Production , Mergers

Investors Flock To Occidental’s $13 Billion Debt Offering

Underwriters of Occidental Petroleum’s offering priced the $13 billion in debt at a lower yield than anticipated.

August 7, 2019

Public Capital , Mergers

Carl Icahn Wins ISS Support In Occidental Petroleum Proxy Fight

Proxy advisory firm Institutional Shareholder Services backs Carl Icahn’s call for more Occidental Petroleum shareholder say after Occidental’s takeover of Anadarko Petroleum.

July 25, 2019